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Over the last year, Grayscale Investments has grown its net crypto assets under management to over $30 billion. Grayscale credited institutional investors, particularly hedge funds, for the tremendous growth.The company announced on Friday that its net total crypto assets under management now stand at $30.4 billion.
- With over $24 billion in AUM under management, Grayscale Bitcoin Trust is currently lead, followed by Ethereum Trust. Grayscale started with only $2 billion in assets under management and ended the year with more than $20 billion, representing a 90% increase. Mr. Sonnenshein explains that “Investing in digital currencies is no longer a risky professional endeavor — paying attention to them may be even more risky.Leave us a comment below. A write-up on Q4 2020 by the company stated that “institutions are here,Leave us a comment below. and that institutions contributed 93% of all stock purchases in the last quarter, or approximately $3 billion.
- In addition, “the average commitment from institutions is growing at an impressive rate, up from an average of $2.9 million in 3Q20,Leave us a comment below. Grayscale explained.
- Now there are nine products offered by Grayscale after we discontinued our XRP trust. Only three of these products are not publicly traded on OTC markets: the Horizen Trust, Stellar Lumens Trust, and Zcash Trust. What do you think of Grayscale's growth? Are you attracted to its trusts or the large-cap fund?Leave us a comment below.
- In its Q4 2020 report, the company wrote that “Institutions are here,Leave us a comment below. adding that in the fourth quarter institutions accounted for 93% of all the capital inflows during the period, or approximately $3 billion. “The average commitment among institutions is also growing at a significant pace,Leave us a comment below. Grayscale detailed, noting that “The average commitment from institutions was $6.8 million, up from an average of $2.9 million in 3Q20.Leave us a comment below.
- Grayscale now offers nine different cryptocurrency investment products after discontinuing its XRP trust. Bitcoin.com doesn't give investment, tax, legal, or accounting advice.
- The company and the author is not directly or indirectly responsible for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Please read the disclaimerShow comments.
Over $30 billion is now held by Grayscale Investments in net crypto assets. In addition to their annual revenue, Grayscale's total crypto assets under management have now reached $30.4 billion.
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Disclaimer: It wrote in Q4 2020 that “Institutions are here” in the fourth quarter, saying they drew 93% of capital during that period, approximately $3 billion. According to Grayscale,“The average commitment from institutions has increased substantial since 3Q20, when the number averaged $2.9 million.” Bitcoin.com does not provide investment, tax, legal, or accounting advice. Other cryptocurrency products Grayscale offers are Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust, Ethereum Classic Trust, Horizen Trust, Litecoin Trust, Stellar Lumens Trust, Zcash Trust, and the digital large-cap fund.
